The industrys occupancy increased 3.8 percent to 70.3 percent; average daily rate rose 5.2 percent to US$117.91; and revenue per available room was up 9.2 percent to US$82.93. Demand increased 4.8 percent during the third quarter, while supply was up 0.9 percent.
Robust Appetite for Select Service Hotel Portfolios
Sway retro! 'See the USA in your Chevrolet!' (belt it out, Dinah). 'Wheres the Beef?' 'Plop, plop, fizz, fizz oh, what a relief it is.' Simpler times, with our lives viewed through the prism of advertising.
M&R Hotel Management, operator of 10 New York hotels, today announced the appointment of Kevin Chang as general manager of the 129-room Holiday Inn Express New York JFK Airport near John F. Kennedy International Airport in Jamaica, New York.
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